This chart shows just how many startups are launched worldwide every second

Clara Guibourg is an Online Writer at City A.M. She can be contacted at clara.guibourg@cityam.com. She is particularly passionate about women in business, technology and telecoms.

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100 million new businesses per year is more than three every second (Source: Getty)

London may be particularly fertile ground for startups, but entrepreneurs abound worldwide. Every year, millions of hopefuls take a stab at their dream venture.

In fact, from Silicon Roundabout to Silicon Valley, the sheer number of startups launched globally can be hard to grasp. A staggering 100 million businesses are launched annually, according to figures from GEM Global Report.